Summary by Moomoo AI
SHANGHAI FUSTAR PHARMACEUTICALS (GROUP) CO., LTD. (“FUSTAR PHARMACEUTICALS”) ANNOUNCES THAT ITS HOLDING COMPANY SHANGHAI FUHUNG HANLIN BIOTECHNOLOGY CO., LTD. AND ITS HOLDING SUBSIDIARIES (COLLECTIVELY, “FUFUNG HANLIN”) HAVE RECENTLY RECEIVED APPROVAL FROM THE NATIONAL MEDICINES REGULATORY AUTHORITY, AGREEING TO INITIATE A PROJECT AIMED AT THE LOCAL LATE STAGE Or Phase II clinical trial of a new drug combination therapy solution for metastatic hepatocellular cancer (HCC). The treatment plan involves the combined use of HLX53 (Fc fusion protein against TIGIT), which was developed autonomously, with Hans® (anti-Srulline injection) and Hambet® (Beaverl single anti-injection solution). FUSTAR PHARMACEUTICALS SAID THAT THE COMBINED TREATMENT PLAN HAS NOT YET BEEN APPROVED GLOBALLY AND THAT THE COMPANY HAS INVESTED ABOUT RMB122 MILLION IN R&D FUNDING FOR THE TREATMENT TO DATE. THE COMPANY REMINDS INVESTORS THAT THERE ARE MANY UNCERTAINTIES IN THE DEVELOPMENT OF NEW DRUGS TO MARKET AND CERTAIN RISKS, INCLUDING THAT CLINICAL TRIALS MAY BE TERMINATED DUE TO SAFETY AND/OR EFFICACY ISSUES. The announcement date is 17 April 2024.